BAE SYSTEMS2003-11-07 14:08:41
BAE SYSTEMS FLIGHT TRAINING (EUROPE) SL TO BE SOLD
BAE Systems today announced that it has reached agreement to sell its shareholding in BAE Systems Flight Training (Europe), a civil flying training school in Jerez Spain, to an in-house management team.
Ian King, managing director for the company's support business Customer Solutions & Support, commented: "We believe the future growth opportunities for BAE Systems Flight Training (Europe) are better satisfied outside of the company under the direction of an independent management team."
BAE Systems Flight Training (Europe) has net assets of approximately Euros 11 million, employs 95 people and delivers civil flying, ground and simulation training.
BAE Systems today announced that it has reached agreement to sell its shareholding in BAE Systems Flight Training (Europe), a civil flying training school in Jerez Spain, to an in-house management team.
Ian King, managing director for the company's support business Customer Solutions & Support, commented: "We believe the future growth opportunities for BAE Systems Flight Training (Europe) are better satisfied outside of the company under the direction of an independent management team."
BAE Systems Flight Training (Europe) has net assets of approximately Euros 11 million, employs 95 people and delivers civil flying, ground and simulation training.
For more information contact:
Warwick House
Po Box 87
Farnborough Aerospace Centre
Farnborough
Hampshire
GU14 6YU
United Kingdom
Tel: + 44 1252 373232
Fax: + 44 1252 383000